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" ... Adtech grew as fast as the internet itself and, in fact, bankrolls the free services we’ve come to expect. Customer acquisition cost (CAC) once was low. Today, these dominant players in adtech make CAC increasingly expensive. ... "
" ... After the Transpac, the two began plotting their next adventure. Laplanche spotted an opportunity when he heard that a French corporation was in talks to purchase a bigger trimaran from a French bank, but the two sides couldn't agree on price. Laplanche stepped in, offering to make up the difference himself in exchange for the right to use it for a season. While the boat bears the company's name, he bankrolls it personally--though he declines to say how much it costs him. ... "
" ... All this would be enough, but the Cosmopolitan is better than ever after a recent round of notable additions and renovations - including all guest rooms. The deep-pocketed Blackstone Group acquired it in 2014 (and earlier this year retained a bank to put it up for sale, with a change of hands rumored to be imminent) and made plans for a major expansion, adding four top floors of ultra-luxury high roller residences called the Boulevard Penthouses (free to those gambling 7-figure bankrolls and not for rent to mere mortals). ... "
" ... The leading actors also understand risk. The poker players who make the most money are not the ones who understand odds better than the others or who read people better than the others, they are the ones who manage their bankrolls better than the others. The best poker players would never sit down on any table, anywhere with more than 10% of their total poker bankroll at risk. They limit their exposure by choosing which table to sit at. ... "